Economic policy of restraining trade between states through government regulations
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4 episodes with protectionist
3 episodes with protectionist
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4 episodes with protectionist
2 episodes with protectionist
3 episodes with protectionist
3 episodes with protectionist
2 episodes with protectionist
3 episodes with protectionist
PREVIEW: Author Philip Walach, "Why Congress" (2023), comments on the history of Congress handing off the tariff and protectionist power to POTUS, from Jefferson to FDR to Trump. More later. 1910 WIRE MILL, ALLENTOWN PA.
Brian interviews two trade lawyers at Miller Thomson.- Louis Amato-Gauci is a partner with Miller Thomson, in Toronto, Canada. He is co-lead of the firm's national Transportation & Logistics team, and a member of its Global Trade & Customs practice group. Louis is frequently consulted by manufacturers and parts suppliers in connection with the international sale of goods, import/export matters, trade compliance verification and preferential tariff treatment under free trade agreements.- Colleen Ma is a partner with Miller Thomson, in Calgary, Canada. She is the lead of the firm's national Sales, Commodity and Indirect Tax team and is also a member of its Corporate Tax and Tax Controversy and Disputes Resolution practice groups. They talk about Trump tariffs and our trade war and how to respond.
It's important to get clear on the ills that come with protectionist trade policies. Ray proves a sobering rundown.Consider books by Ray Keating…• Order Ray Keating's “Weekly Economist” books at https://www.amazon.com/dp/B0C3JDVYLX?binding=paperback&ref=dbs_dp_rwt_sb_pc_tpbk • Get Ray Keating's Pastor Stephen Grant thrillers and mysteries at https://www.amazon.com/dp/B08SW8HB34?binding=paperback&ref=dbs_dp_rwt_sb_pc_tpbk • Grab Ray Keating's Alliance of Saint Michael historical fiction books at https://www.amazon.com/dp/B0CW19Z3VH?binding=paperback&ref=dbs_dp_rwt_sb_pc_tpbk • Never miss any new novels from Ray Keating by joining the Pastor Stephen Grant Fellowship with Ray Keating at https://www.patreon.com/pastorstephengrantfellowship.
Canada and the EU have announced retaliatory tariffs on the U.S., with many other major trading partners vowing similar moves against Washington (01:10). Russian authorities say they want more details before responding to the 30-day ceasefire proposal with Ukraine (12:35). China says it will open its markets further despite increasing trade headwinds from other nations (22:27).
From September 20, 2023: Economic warfare isn't a new concept. Protectionist policies, asymmetrical trade agreements, currency wars—those are just a few examples of the economic levers states have long used to control outcomes. But in their new book, two political scientists, Henry Farrell and Abe Newman, argue that a technological innovation spurred on by free market embracers and coopted by the U.S. was an accidental entry point into a new era of economic statecraft—an era whose precise contours and rules are still being ironed out today, as we are fighting in a so-called economic war. Lawfare Associate Editor Hyemin Han talked to them about how this weaponization came to be, how U.S. national security objectives are bleeding into economic warfare, and what policymakers might focus on in trying to ensure that the economic web that the U.S. currently sits at the center of is not ravaged by its own power. We value your feedback! Help us improve by sharing your thoughts at lawfaremedia.org/survey. Your input ensures that we deliver what matters most to you. Thank you for your support—and, as always, for listening!To receive ad-free podcasts, become a Lawfare Material Supporter at www.patreon.com/lawfare. You can also support Lawfare by making a one-time donation at https://givebutter.com/lawfare-institute.Support this show http://supporter.acast.com/lawfare. Hosted on Acast. See acast.com/privacy for more information.
Yesterday was US President Trump's very big announcement on reciprocal tariffs, which turned out to be a plan to investigate taxing US consumers at a future date. Markets had to decide whether the president was being a protectionist or a pushover, and for now are erring toward pushover. The delay is seen as an opportunity to do “deals”. So far, such deals have been more spin than substance.
After a year of Japan's grand plan to enter our nation's steel market by acquiring American company U.S. Steel, President Biden has made the decision to block the proposed $14 billion deal with Japanese company Nippon Steel, citing national security risks. Nippon representatives say they plan to challenge the decision, but with President-elect Trump already saying he would block the sale as well, they are unlikely to find friendlier negotiations come Inauguration Day. Co-anchor of The Big Money Show, Taylor Riggs, speaks with the host of Making Money on Fox Business, Charles Payne, about why blocking this sale helps protect Americans in the future, the challenges that face the city of New Orleans tourist economy, and he previews his TV town hall coming January 16th on Fox Business. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices
In this TP Talks episode, Kristina Novak is joined by Kristin Bohl to discuss the transfer pricing aspects of the current customs and trade environment.Support the show
After a year of Japan's grand plan to enter our nation's steel market by acquiring American company U.S. Steel, President Biden has made the decision to block the proposed $14 billion deal with Japanese company Nippon Steel, citing national security risks. Nippon representatives say they plan to challenge the decision, but with President-elect Trump already saying he would block the sale as well, they are unlikely to find friendlier negotiations come Inauguration Day. Co-anchor of The Big Money Show, Taylor Riggs, speaks with the host of Making Money on Fox Business, Charles Payne, about why blocking this sale helps protect Americans in the future, the challenges that face the city of New Orleans tourist economy, and he previews his TV town hall coming January 16th on Fox Business. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices
After a year of Japan's grand plan to enter our nation's steel market by acquiring American company U.S. Steel, President Biden has made the decision to block the proposed $14 billion deal with Japanese company Nippon Steel, citing national security risks. Nippon representatives say they plan to challenge the decision, but with President-elect Trump already saying he would block the sale as well, they are unlikely to find friendlier negotiations come Inauguration Day. Co-anchor of The Big Money Show, Taylor Riggs, speaks with the host of Making Money on Fox Business, Charles Payne, about why blocking this sale helps protect Americans in the future, the challenges that face the city of New Orleans tourist economy, and he previews his TV town hall coming January 16th on Fox Business. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices
Canadian reaction to the news that Donald Trump will return to the White House has been mixed.
Former NZ ambassador to the United States Tim Groser says Donald Trump's presidential win can be attributed in a large part to the middle class "being screwed". "The Democrats have become the party of the rich. If you take the top 25 districts in terms of wealth, 24 of them are held by democrats." Groser, also a former Trade Minister, told Wellington Mornings host Nick Mills that Trump will move in the direction of tariffs which would impact New Zealand. "He's been consistent on one thing since the 1980s. He's a protectionist. You can be pretty damn sure he will move in that direction, that cannot possibly be in New Zealand's interests as a small, vulnerable trading nation." LISTEN ABOVESee omnystudio.com/listener for privacy information.
The Winning Edge Investments 2024 Melbourne Cup Preview is with Dean Evans, renowned punter & founder of Winning Edge Investments, and Luke Murrell, founder of Australian Bloodstock and owner of two Melbourne Cup winners, Protectionist & Gold Trip. In 2022, Dean and Luke both tipped the $21 winner Gold Trip in their top two picks, and in 2023 Dean & Luke both had Without A Fight as their top rated horse. Luke as a bonus also tipped Rustic Steel at $13 to win the Big Dance at Randwick. View all Winning Edge Investments Membership options here: https://bit.ly/3klagTX Want advanced betting education and free tips? Sign up to our free weekly newsletter and receive a 130 page Professional Betting Education Pack PLUS weekly tips from Professional Punters and advanced betting education!
Protectionist measures like tariffs often harm the very firms and people they're supposed to help. Paul Best explains in a new piece in Free Society. Hosted on Acast. See acast.com/privacy for more information.
Longshoremen at key US ports threatening to strike over automation and pay https://apnews.com/article/longshoremen-strike-pay-automation-ports-jobs-consumers-3aa66e0a05db25a49645fad404a5f000 Baristas at Nashville Starbucks location vote 17-1 to unionize https://fox17.com/news/local/baristas-at-nashville-starbucks-location-vote-17-1-to-unionize Links: https://gml.bio.link/ Watch GML on Youtube: https://bit.ly/3UwsRiv Check out Martens Minute! https://martensminute.podbean.com/ Head to https://factormeals.com/gml50 and use code gml50 to get 50% off your first box plus 20% off your next month Join the private discord & chat during the show! joingml.com Good Morning Liberty is sponsored by BetterHelp! Rediscover your curiosity today by visiting Betterhelp.com/GML (Get 10% off your first month) Get your complimentary bottle of Nugenix by texting GML to 231-231 Protect your privacy and unlock the full potential of your streaming services with ExpressVPN. Get 3 more months absolutely FREE by using our link EXPRESSVPN.com/GML Learn more about your ad choices. Visit podcastchoices.com/adchoices
Ryan Young from the Competitive Enterprise Institute reacts to President Biden's announcement of tariffs on some specific Chinese products. The policy is similar to those of the Trump Administration (and now the Trump campaign). Young argues that tariffs raise the cost of living for American consumers and not harm Chinese business and poltiical interests. * This discussion originally aired on NewsTalk STL in St Louis
Governments in many countries are enacting policies aimed at mitigating climate change — massive subsidies, carbon levies, and strict regulations — that also have consequences on trade flows. Billions of dollars of incentives in the Inflation Reduction Act in the U.S., the Canadian government’s carbon taxes, and the EU’s biofuel feedstock requirements and carbon border... Read More
Biden Newest Protectionist Folly Will Raise Prices and Hurt Americans https://townhall.com/columnists/david-b-mcgarry/2024/05/16/biden-newest-protectionist-folly-will-raise-prices-and-hurt-americans-n2639114 https://davidbmcgarry.substack.com/p/whats-best-for-american-manufacturing https://x.com/davidbmcgarry Links: https://bit.ly/gmllinks WATCH on Youtube: https://bit.ly/3UwsRiv Join the private discord & chat during the show! joingml.com Like our intro song? https://www.3pillmorning.com Enroll in Constitution 101: the meaning and history of the US Constitution or one of the many other great FREE courses at hillsdale.edu/GML Get your complimentary bottle of Nugenix by texting GML to 231-231 Monetary Metals offers A Yield on Gold, Paid in Gold® https://www.monetary-metals.com/GML Protect your privacy and unlock the full potential of your streaming services with ExpressVPN. Get 3 more months absolutely FREE by using our link EXPRESSVPN.com/GML Learn more about your ad choices. Visit podcastchoices.com/adchoices
In this episode, we continue the discussion on elections and protectionism, exploring the implications for global competition, China's trade relations, and geopolitical hotspots. To read this week's Sight|Lines, click here. The views expressed in this podcast may not necessarily reflect the views of Stifel Financial Corp. or its affiliates (collectively, Stifel). This communication is provided for information purposes only. Past performance does not guarantee future results. Investing involves risk, including the possible loss of principal. Asset allocation and diversification do not ensure a profit or protect against loss. © Stifel, Nicolaus & Company, Incorporated | Member SIPC & NYSE | www.stifel.com See omnystudio.com/listener for privacy information.
Regulator targets high-frequency traders after share dumping causes turmoil, Vanke reassures investors it can avoid default. Subscribe to a bundle deal now to unlock all coverage by Caixin Global and The Wall Street Journal for only $200 a year. It's a 66% discount. Group access and applicable discounts are available. Contact us for a customized plan.
Industrial Policy Indignities https://www.aier.org/article/industrial-policy-indignities/ David B. McGarry is a policy analyst at the Taxpayers Protection Alliance. A journalist before joining TPA, David B. McGarry has written on a wide range of topics related to technology, government accountability, and consumer choice. He has reported extensively on tech policy and telecommunications, particularly at the Federal Communications Commission and on Capitol Hill. Links: https://bit.ly/gmllinks WATCH on Youtube: https://bit.ly/3UwsRiv Join the private discord & chat during the show! joingml.com Like our intro song? https://www.3pillmorning.com This episode is sponsored by BetterHelp. Give online therapy a try at Betterhelp.com/gml and get on your way to being your best self. Secure your assets and protect your loved ones with Trust and Will. Get 10% off plus free shipping of your estate plan documents by visiting trustandwill.com/GML Learn more about your ad choices. Visit podcastchoices.com/adchoices
It’s time for another podcast featuring Wisemeyer and Haney covering all the big agricultural topics impacting farmers and ranchers in Canada and the United States! This week Shaun Haney of RealAgriculture and Jim Wiesemeyer, D.C. policy analyst with Pro Farmer, jump into some issues that really connect and are creating angst in the countryside of... Read More
John and Dan from the team at Smart B interview Dean Evans and Luke Murrell for their expert Melbourne Cup 2023 runner by runner preview with detailed analysis, best value, selections and betting strategies:
Recorded live from the WTO Public Forum 2023 Panellists: Angela Ellard, WTO Deputy Director-General Jennifer Hillman, Professor, IIEL at Georgetown Law; Co-Director of The Center on Inclusive Trade and Development, Georgetown Law Stormy-Annika Mildner, Executive Director, Aspen Institute Germany Moderator: Rem Korteweg, Senior Research Fellow, Clingendael Institute This podcast episode was recorded on 13 September 2023. The 2023 edition of the AIG Global Trade Series explores the extent and impact of regionalisation on the global trade landscape. This special episode of the GTS was recorded at the headquarters of global trade – the WTO in Geneva - during its annual Public Forum in September. With the theme ‘It's Time For Action', the 2023 WTO Public Forum brought delegates and trade experts together to assess the state of trade multilateralism. Many of these discussions focused on how trade can contribute to tackling climate change and promoting sustainability. A new sense of urgency was palpable this year. The 2023 WTO Global Trade Report, launched during the Public Forum, also raised concerns about the regionalisation or even fragmentation of the trade landscape. Protectionist tendencies remain strong and proliferating subsidies are posing a challenge to multilateral rulemaking. At the same time, in a context of rising geopolitical tensions, trade policy is increasingly seen through a national security lens. Where does this gloomy outlook leave the WTO? What role can it play in reducing the risks of trade fragmentation and restoring the credibility and relevance of a rules-based system? ___________________________________________ The Global Trade Series is a collaboration between AIG and the following international organisations with leading expertise on global trade: the Aspen Institute Germany; Chatham House (UK); CEBRI - the Brazilian Center for International Relations; the Clingendael Institute (The Netherlands); Institute of International Economic Law at Georgetown University Law Center (US); ISPI - the Italian Institute for International Political Studies; the Jacques Delors Institute (France); RIETI - the Research Institute of Economy, Trade and Industry (Japan) and the St. Gallen Endowment for Prosperity through Trade (Switzerland). The views and opinions expressed in this podcast series are those of the speakers and do not necessarily reflect the official policy or position of American International Group, Inc. or its subsidiaries or affiliates (“AIG”). Any content provided by our speakers are of their opinion and are not intended to malign any religion, ethnic group, club, organization, company, individual or anyone or anything. AIG makes no representations as to accuracy, completeness, correctness, or validity of any information provided during this podcast series and will not be liable for any errors, omissions, or delays in this information or any losses injuries, or damages arising from its use.
Economic warfare isn't a new concept. Protectionist policies, asymmetrical trade agreements, currency wars—those are just a few examples of the economic levers states have long used to control outcomes. But in their new book, two political scientists, Henry Farrell and Abe Newman, argue that a technological innovation spurred on by free market embracers and coopted by the U.S. was an accidental entry point into a new era of economic statecraft—an era whose precise contours and rules are still being ironed out today, as we are fighting in a so-called economic war. Lawfare Associate Editor Hyemin Han talked to them about how this weaponization came to be, how U.S. national security objectives are bleeding into economic warfare, and what policymakers might focus on in trying to ensure that the economic web that the U.S. currently sits at the center of is not ravaged by its own power. Support this show http://supporter.acast.com/lawfare. Hosted on Acast. See acast.com/privacy for more information.
The host of Why We Can't Have Nice Things explains how indefensible tariffs cause baby formula shortages, screw Hawaii residents, and increase traffic in the Northeast.
On this episode of The Global Exchange, you'll hear Steve Verheul's keynote address to CGAI's Annual international Trade Conference, which occurred on March 29, 2023. This event was made possible thanks to CGAI's Strategic sponsors Lockheed Martin Canada, General Dynamics Canada, Davie Shipyard, and Pathways Alliance; our conference bronze sponsors UPS, Amazon, and Enbridge; and our Organizing Partner The Norman Patterson School of International Affairs at Carleton University. Guest Bio: Steve Verheul retired from the Federal Public Service in October 2022 and is now a Principal with GT and Company Executive Advisors, as well as President of Steve Verheul Consulting Inc. Prior to his retirement from the Public Service in 2022, he served as a Special Advisor on Trade Policy to the Deputy Minister of Finance. https://ppforum.ca/person/steve-verheul/ Recording Date: 29 Mar 2023. Give 'The Global Exchange' a review on Apple Podcast! Follow the Canadian Global Affairs Institute on Facebook, Twitter (@CAGlobalAffairs), or on Linkedin. Head over to our website www.cgai.ca for more commentary. Produced by Charlotte Duval-Lantoine. Music credits to Drew Phillips.
Craig Allen, president of the US-China Business Council (USCBC) discussed with The Asian Banker's Emmanuel Daniel the impact of the US-China trade tensions on foreign companies doing business in China, and anywhere in the world.
On this episode of Future of Freedom, host Scot Bertram is joined by two guests with opposing viewpoints in the debate over the need for a more aggressive protectionist trade policy for the U.S. First on the show is John Hendrickson, Policy Director at Iowans For Tax Relief Foundation. Later, we hear from Vance Ginn, Founder/President at Ginn Economic Consulting, Chief Economist at the Pelican Institute for Public Policy, and Senior Fellow at Young Americans for Liberty. You can find out more about Iowans for Tax Relief here. Vance is on Twitter at @vanceginn. --- Listen to Other ATN Productions: America in Focus: A weekly feature of the top TheCenterSquare.com stories of the week out of Washington D.C. with commentary from The Center Square editors and more! America's Talking: An interview podcast hosted by Austin Berg. Guests include professors, journalists, artists, business and nonprofit leaders, authors, and more. Everyday Economics: Join economist Dr. Orphe Divounguy and Chris Krug as they discuss global markets, inflation, and everything else that will help you understand the economic world around you. --- Support this podcast: https://podcasters.spotify.com/pod/show/future-of-freedom/support
Travis Oliphant, the associate professor at Trent University's School of Management, joins the show to discuss his new book, "Protectionism: The Worst Idea in History." The book argues against a protective tariff and explains the myriad ways in which it could backfire on the economy. In this episode, the boys chat about Travis' new book, tangs, put-puts, and the perils of protectionism.
Federated Farmers says Canada is extremely protectionist in its dairy system. Trade Minister Damien O'Connor has asked for an international panel to hear a dispute between the countries, which has seen New Zealand products locked out of the Canadian market. He says Canada isn't living up to commitments under the CPTPP agreement, by implementing broader dairy import taxes. Federated Farmers President Andrew Hoggard told Kate Hawkesby it's a market they haven't really been able to access, but would like to. He says it'd be good to trade in more markets to reduce reliance on a smaller number of countries. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Federated Farmers says Canada is extremely protectionist in its dairy system. Trade Minister Damien O'Connor has asked for an international panel to hear a dispute between the countries, which has seen New Zealand products locked out of the Canadian market. He says Canada isn't living up to commitments under the CPTPP agreement, by implementing broader dairy import taxes. Federated Farmers President Andrew Hoggard told Kate Hawkesby it's a market they haven't really been able to access, but would like to. He says it'd be good to trade in more markets to reduce reliance on a smaller number of countries. LISTEN ABOVESee omnystudio.com/listener for privacy information.
Here it is… our mega preview of the 2022 Melbourne Cup! Get a preview on every runner plus tips from three top form analysts… Cameron O'Brien: Cup expert, former professional punter and bookmaker at ReadyBet.com.au [starts 03:45] Luke Murrell: Expert form analyst, Director of Australian Bloodstock, owner and syndicator of 2014 Cup winner Protectionist [starts 34:15] Trevor Lawson: Champion Bets analyst, ratings-based professional punter who has been betting on Melbourne racing full-time for 20 years [starts 54:00] Timestamps: [Horse / Cameron / Luke / Trev] Intro / 03:45 / 34:15 / 54:00 1 Gold Trip / 07:05 / 36:50 / 56:10 2 Duais / 08:20 / 38:25 / 56;55 3 Knights Order / 09:10 / 39:00 / 57:45 4 Montefilia / 10:20 / 39:25 / 58:15 5 Numerian / 11:20 / 40:20 / 58:40 6 Without A Fight / 12:05 / 40:50 / 59:00 7 Camorra / 13:00 / 41:15 / 59:40 8 Deauville Legend / 13:40 / 41:35 / 1:00:15 9 Stockman / 15:35 / 42:40 / 1:01:55 10 Vow And Declare / 16:55 / 43:05 / 1:02:20 11 Young Werther / 17:45 / 43:35 / 1:02:45 12 Hoo Ya Mal / 18:35 / 43:50 / 1:03:35 13 Serpentine / 20:25 / 45:00 / 1:04:35 14 Daqiansweet Junior / 21:05 / 45:15 / 1:04:50 15 Grand Promenade / 21:20 / 45:30 / 1:05:20 16 Arapaho / 21:45 / 45:50 / 1:05:45 17 Emissary / 22:25 / 47:10 / 1:06:05 18 Lunar Flare / 23:20 / 47:50 / 1:06:55 19 Smokin' Romans / 23:55 / 48:05 / 1:07:15 20 Tralee Rose / 25:15 / 48:40 / 1:08:00 21 Point Nepean / 26:20 / 49:10 / 1:08:20 22 High Emocean / 26:55 / 49:30 / 1:08:50 23 Interpretation / 27:35 / 49:50 / 1:09:15 24 Realm Of Flowers / 28:10 / 50:30 / 1:10:30 Summary & betting approach / 29:25 / 51:05 / 1:11:15
Melbourne Cup 2022 runner by runner preview with detailed analysis, best value, and suggested bets.
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Why it matters that Chinese public opinion toward trade and technology may have changed in response to US policy.
Why it matters that Chinese public opinion toward trade and technology may have changed in response to US policy.
A recent Business Standard survey of chief executives of India Inc reveals business leaders expect the government to take immediate remedial steps to stem the rupee's slide against dollar. This follows an 8.5% fall in the Indian currency's value against the greenback this year. Vimal Kejriwal, CEO and MD of KEC International, an engineering, procurement and construction major, said the government should impose limits on importing non-essential goods and expediting dollar remittances for exporters, apart from easing norms for foreign investment. Others said, they expect the government to impose a higher import tax on all non-essentials like cosmetics, gold, and electronics in the near term. The second-biggest consumer of gold, India imported $46 billion worth of the metal in FY22. On July 1, the government hiked the customs duty on gold from 7.5% to 12.5%. Electronics goods are the largest non-oil import segment. Around 80% of the CEOs surveyed by Business Standard expect additional steps from the RBI or government to contain the rupee's fall. Media reports indicate authorities have enhanced monitoring of select imports that have seen a sharp uptick in recent months. Non-essential imports may be targeted through duty hikes as a part of the government's effort to contain the widening current account deficit. India's current account deficit in April-June was at $23.9 billion, or 2.8% of GDP, much higher than the $13.4 billion, or 1.5% of GDP, in January-March 2022. When a similar situation emerged in 2018, the government raised import duties on 19 items including consumer electronics, diamonds, jewellery, jet fuel and leather footwear. These goods, however, constituted just 2.8% of India's total import bill the previous financial year, raising question marks over the efficacy of the measure. Since the Union Budget early that year, the government had, in fact, firmly moved India towards greater protectionism, raising tariffs on several different product lines. The days of import substitution prior to liberalisation prove that such tariff increases are a counter-productive form of policy. By allowing only essential imports required for production and protecting the domestic producers from the competition, the policy hindered competitiveness, hurt consumers and damaged exports. Post 1991, imports were significantly liberalised and duties brought down. But in recent years, India has reversed its two-and-a-half decade-old policy of tariff reduction to favouring protectionism. Import substitution is regularly spoken of as a priority for the government on the argument that India's ‘infant' domestic industries need to be protected. But even the mature automobile industry has sought protections. With India and the United Kingdom entering the last lap of negotiations over a free-trade agreement, passenger vehicle makers in India have raised concerns about any sharp reduction in customs duty on imported vehicles under the pact. They argued that competing countries in the European Union shall also seek such a measure and this will ultimately hurt the domestic industry as India is negotiating an FTA with the trading bloc, too. Arun Maira, Former Member Planning Commission & Former Chairman BCG India says Indian firms want to compete but seek a fair chance. Industries seek protection for a short while. It's not fair to pit infant industries against global players. Protectionist steps are being justified on the ground that they will let domestic companies grow into viable competitors so that they can sustain on their own. But raising tariffs purely to protect industries eventually leads to high-cost and uncompetitive business environment. At the end of the day, a balance is needed. Industries cannot expect to operate within a walled garden for perpetuity, especially when India's stated aim is to integrate into global supply chains. Industries that have achieved a certain scale s
In this second podcast episode about data localization, we spotlight India. Since 1993 the world's largest democracy has enacted data localization laws aiming to keep certain personal records within India or otherwise restrict data transfers of Indians' personal data. When in 2017 the Indian Supreme Court found personal privacy to be a fundamental constitutional right, a Personal Data Protection Bill (PDPB) was promptly drafted. It has since been percolating towards adoption. The draft bill defines certain personal data as “critical” and so must be stored only within India. Other data is called “sensitive,” and may be processed outside of India with a copy kept within India. A third category of “regular” data could be transferred abroad, pursuant to data transfer rules. Unlike China, reviewed in the last podcast episode (episode 73,) India has a robust tech industry heavily involved in processing foreign data. India processes more personal data than any other country, so that parochial data laws would stand in stark contrast to this essential industry of India. Yet, Amazon, Facebook, Google and other global businesses dominate the Indian home markets, unlike their absence from China. Protectionist forces within India are calling for strict data controls, purportedly to protect the privacy of Indian residents while also favoring the interests of local tech and other firms. Indian businesses such as Reliance talk of “data colonization,” the idea that foreign companies control too much of the data of Indian residents and are plundering the wealth of India as measured by the data of its 1.3 billion people. Indian sources expect the PDPB to be enacted in the winter session of 2021-22. The enacted version will reveal whether India adopts a protectionist approach to data or embraces a more global approach to how personal data is collected and processed. This in turn will affect how other nations will respond. The outcome will affect how data privacy is enhanced or diminished as the rules governing data evolve country by country. If you have ideas for more interviews or stories, please email info@thedataprivacydetective.com.
Why are Puerto Ricans buying liquid natural gas from the Russkies? Why are Hawaiian ranchers transporting cattle to the mainland with planes? Why is an Alaskan seafood company giving tons of fish a jaunt on 100 feet of rail track located entirely inside a Canadian port? To answer these absurd questions, the guys were thrilled to be joined by Colin Grabow, a policy analyst at the Cato Institute's Herbert A. Stiefel Center for Trade Policy Studies and one of the authors of The Case Against the Jones Act. Together they discuss the Jones Act's origins, its many harms, why it remains in place, and beyond #EndTheJonesAct, what can be done about it? If you would like to learn more, Colin and his primarily anti-Jones Act thoughts can be found on Twitter @cpgrabow. For further readings and references, check out the following: Project on Jones Act Reform https://www.cato.org/project-jones-act-reform The Jones Act: A Burden America Can No Longer Bear https://www.cato.org/publications/policy-analysis/jones-act-burden-america-can-no-longer-bear The Case against the Jones Act https://www.cato.org/books/case-against-jones-act And as always, if you enjoyed this conversation and would like to hear others like it, be sure to like, review, and subscribe to us on your favorite podcast app. You can also follow us on Twitter at @NobodyDismal or email us at NobodyExpectsTheDismalScience@gmail.com. We promise to always respond, whether on-air or off.
Former Australian PM, Malcolm Turnbull (pictured) was among the first of an impressive array of speakers at the "Global Race to Zero" summit organized by the Smart Energy Council. Other links for today are: "Jacinda Ardern's climate summit problem is the opposite of Scott Morrison's"; "‘No second planet': France urges Australia to greater climate action"; "Climate change needs to be tackled like COVID-19, says BlackRock boss"; "Kids' quality of life will depend on today's climate choices"; "Nonprofit Barrio Electrico works to expand solar energy in Puerto Rico"; "Australia is undermining the Paris Agreement, no matter what Morrison says – we need new laws to stop this"; "Microplastics are in the air we breathe and in Earth's atmosphere, and they affect the climate"; "Alan Kohler: The alarming consequences of Canberra's climate capers"; "‘It will be ugly': Net-zero plan to be made public as Nationals level latest threat"; "More Than 30 Countries Join U.S. Pledge to Slash Methane Emissions"; "The burning questions about gas"; "Think big on climate: the transformation of society in months has been done before"; "The government's net-zero plan is impressive, but it is high risk"; "The Guardian view on the net-zero strategy: not tough enough"; "Too hot to handle: can our bodies withstand global heating?"; "How the U.S. Made Progress on Climate Change Without Ever Passing a Bill"; "Planned fossil fuel output ‘vastly exceeds' climate limits, says UN"; "From Paris to Glasgow: A World on the Move"; "Meet the Champions"; "Smart Energy Council"; "Real Climate - climate science from climate scientists......." " Climate Change Victoria's path to a net-zero emissions and climate-resilient future "; "MJA– Lancet Countdown on health and climate change"; "Tracking the connections between public health and climate change"; "Bridget McKenzie warns ‘it will be ugly' if Morrison commits to net zero target without Nationals support"; "Rural Australians are living climate change in real-time – and unlike politicians who scapegoat us, we're taking action"; "‘Climate change is hitting us': French beekeepers expect worst honey harvest in half a century"; "A joke if it wasn't so serious': Australia lags developed countries on climate action"; "Fossil fuel production to soar in face of emissions pledges, United Nations report says"; "Empire Energy wins full approval for more fracking in Beetaloo Basin as climate advocates slam NT government"; "‘Protectionist forces': Dan Tehan warns Australian farmers face carbon border taxes". Enjoy "Music for a Warming World". The CEO of the Smart Energy Council, John Grimes was interviewed by Climate Conversation in 2020 - "John Grimes talks about the Smart Energy Council and its 59th annual 'Smart Energy Conference'". Support the show: https://www.patreon.com/climateconversations
Der Erfolg mit Palmas im 163. Henkel-Preis der Diana war der 5. Erfolg für den Trainer Andreas Wöhler im zweitwichtigsten Rennen Deutschlands, dem Stuten-Derby. Er war der jüngste Trainer im illustren „Club 1000“, für den man ebenso viele Siege braucht. Mittlerweile ist er im 35. Trainerjahr und liegt mit aktuell 2247 Treffern lauf Platz 2 der Statistik hinter dem legendären Heinz Jentzsch (4041 Siege). Den wird er zwar nicht mehr einholen können, weil es gar nicht mehr so viele Rennen gibt, aber Ziele gibt es noch genug. Auch, wenn Wöhler große internationale Erfolge feiern konnte, mit Pferden wie Novellist, Paolini, Protectionist, Silvano und wie sie alle heißen, aber wer einen Melbourne-Cup gewonnen hat, der will das noch ein zweites Mal erleben. Dafür ging er im letzten Jahr sogar in eine zweiwöchige Quarantäne, „ich war der einzige bekloppte Trainer, der sich das angetan hat“, bekennt Wöhler, „eine grenzwertige Erfahrung.“ Ashrun landete auf dem 10. Platz, „er ist gut gelaufen, aber es ist eben auch vieles im Vorfeld schiefgegangen.“Wer Wöhler kennt, der weiß, dass das nicht sein letzter Versuch sein wird. Aber dafür braucht es auch die richtigen Pferde im Stall. Der Sieg von Palmas gehört zu den Highlights, jetzt wird mit ihr der Prix de l'Opéra am Arc-Wochende in Longchamp angepeilt. Frauke Delius hat Andreas Wöhler in seinem Trainingsstall im Gestüt Ravensberg besucht und mit ihm auch über Independent Miss, Spitzname „Emma“, gesprochen. Denn mit der hat der Rennstall Wöhler auch züchterisch den großen Wurf gelandet. Sie ist nämlich die Mutter von Isfahan, mit dem Wöhler 2016 sein 4. Derby gewonnen hat, jetzt ist er als Vater von Sisfahan, dem Derbysieger, und Isfahani, der Diana-Zweiten, in aller Munde.Die RaceBets Podcast-SchnitzeljagdAuch diesmal könnt Ihr wieder gewinnen: Auf der Webseite, in unserem Newsletter oder auf der Podcast-Seite in unserem Blog findet ihr drei Fragen, die Ihr beantworten könnt, wenn Ihr beim Podcast genau hinhört! Unter den Mitspielern mit den richtigen Antworten werden 25 x zwei 5 Euro-Wettgutscheine ausgelost.Wer wird der RaceBets Podcast-Champion?Gleichstand nach der zweiten Runde, das hatten wir noch nie. Sowohl die Herausforderin Saskia Woodall als auch die drei RaceBets-Wettexperten David Conolly-Smith, Christian Jungfleisch und Ronald Köhler hatten zwar Liberty London als Siegern, aber sonst auch nichts. Deshalb darf Saskia im Podcast mitmachen, gewinnt auch den 200-Euro-Wettgutschein, aber weil es ja kein echter Sieg war, verdoppelt sich der mögliche Gewinn für die junge Baden-Badenerin diesmal nicht: Es geht für sie in der 3. Runde erneut um 200 Euro, aber als Tochter eines Jockeys, die auch die Pferde von Jan Korpas führt, dürfte auch diese Hürde zu nehmen sein. Die RaceBets-Wettexperten müssen sich anstrengen!Ein Podcast von Frauke Delius.
Gesucht wird die Königin! Der 163. Henkel-Preis der Diana (Gr. I. 2.200m, 500.000 Euro Dotierung), noch 11 Jahre älter das Derby und nach diesem das zweitwichtigste Rennen im deutschen Turf-Kalender, wird am Sonntag in Düsseldorf gelaufen. 16 Stuten rücken in die Startboxen ein, Amazing Grace mit der Programmnummer 2 als 5,5:1-Favoritin des RaceBets Diana-Langzeitmarktes. Ihr Besitzer und Züchter, Dr. Christoph Berglar, hat dieses Rennen vor 15 Jahren schon einmal gewonnen, mit Almerita. „Aber die hatte ich wenige Wochen zuvor von Benedikt Fassbender gekauft, jetzt ist das noch was anderes, denn Amazing Grace habe ich selbst gezüchtet“, betont Christoph Berglar im Interview mit Frauke Delius, „und auch ihr Vater stammt aus eigener Zucht.“ Der heißt Protectionist und hat eine unglaubliche Karriere hinter sich, von der wir natürlich auch in diesem Podcast hören werden: Verletzungen, verpasster Derbystart, Comebacks und als Krönung der Sieg im Melbourne-Cup, Australien sollte seine neue Heimat werden, doch er kam zurück und ist jetzt Deckhengst im Gestüt Röttgen. Und natürlich denkt jeder auch an Novellist, den 2013er Sieger in den King George VI And Queen Elizabeth Stakes, der immer noch den Bahnrekord über 2.400 Meter in Royal Ascot hält.Die RaceBets Podcast-SchnitzeljagdGut zuhören, mitspielen und mit etwas Glück zwei 5-Euro-Wettgutscheine gewinnen: Das ist in Kurzform die Spielanleitung für unsere RaceBets Podcast-Schnitzeljagd. Unter allen Mitspielern mit den richtigen Antworten werden 25 Gewinner ausgelost. Viel Spaß beim Zuhören und Miträtseln …Wer wird RaceBets Podcast-Champion? Die Wett-Tipps!Saskia Woodall hatte mit Skalleti und Kiki Dee den richtigen Riecher und landete einen klaren 2:1-Sieg gegen die RaceBets-Wettexperten David Conolly-Smith, Christian Jungfleisch und Ronald Köhler. Nun geht es für die junge Baden-Badenerin um einen 200-Euro-Wettgutschein. Fünf Rennen in Köln, Düsseldorf und Hassloch haben wir in dieser Woche ausgesucht, natürlich steht der 163. Henkel-Preis der Diana im Mittelpunkt.Ein Podcast von Frauke Delius
Jaime is a wildlife ranger in the province of Entre Ríos. While visiting his reserve and going on a photographic safari, I had a very interesting chat with him, all in Rioplatense Spanish. He told me his story when he was a kid and had to hunt to eat and how he gradually realized the importance of conserving the flora and fauna. He also told me a lot of things about the animals of the region and, for example, what to do if you get bitten by a yarará snake. Can you imagine the answer? There Reserve's Instagram is @losteros2020 About Argentalk: You'll learn Argentine Spanish in context. Stories to learn about the culture at a speed adapted to an intermediate level. Learn local expressions and vocabulary without studying long lists. Go to https://argentalk.com/podcast/ for full transcripts of this episode. If you want to send me a message: - my Instagram is @argen.talk --- Send in a voice message: https://anchor.fm/argentalk/message
What they are not telling you...what the lockdowns did to our kids. Idiot Republicans call to boycott the Olympics to fight back against China. (Because that worked really well with the Soviets.) Protectionist failure and the need to compete. Latest frightening poll...both donkeys and elephants want their government stimulus money.
What they are not telling you...what the lockdowns did to our kids. Idiot Republicans call to boycott the Olympics to fight back against China. (Because that worked really well with the Soviets.) Protectionist failure and the need to compete. Latest frightening poll...both donkeys and elephants want their government stimulus money.
„Wie werden Vollblut-Rennpferde groß?“, fragen wir in Teil 2 unserer neuen Serie „Wie geht Galopp?“ - und dafür waren wir zu Gast im Gestüt Erftmühle in Bergheim, wo Heinz Hönning uns spannende Einblicke in eine Kinderstube des deutschen Galopprennsports bietet. 65 Pferde stehen dort auf den Koppeln, das Gros davon sind Pensionsstuten, die auch die vier dort stationierten Deckhengste Ito, Guiliani, Nutan und demnächst auch Waldpfad besuchen.„Es kommt auf den Vogel an und nicht auf den Käfig“, scherzt Hönning, dessen Gestüt nicht hochherrschaftlich sondern eher praktisch daherkommt. Auch wenn hier mit Salomina immerhin eine Diana-Siegerin in den Farben des Gestüts Bona und der aktuelle Derbyzweite Torquator Tasso groß geworden sind, so sind hier doch eher die kleineren Züchter zuhause, die hier ihre Mutterstuten und deren Nachzucht gut untergebracht wissen, „wir kümmern uns um alles - von der Geburt bis zur Jährlingsvorbereitung“, so Hönning, „die Besitzer können auf einen Kaffee vorbeikommen und ihre Pferde streicheln“. 28 Fohlen werden ab dem 15. Januar erwartet, „die Nachtwachen übernehme ich mit meiner Frau dank technischer Überwachung ganz alleine“, berichtet Hönning, „ansonsten habe ich vier fest angestellte Mitarbeiter.“ Täglicher Werdegang, viel Licht und Luft, ausgewogene Ernährung und das Miteinander mit den Altersgenossen im Herdenverband sind wichtige Voraussetzungen, um zu einem Rennpferd heranzuwachsen. Die deutsche Vollblutzucht ist da mit ihrer geringen Zahl an Zuchtpferden weltweit ausnehmend erfolgreich, dafür sprechen Pferde wie In Swoop, Danedream, Waldgeist, Novellist, Protectionist und viele andere. Das Training der Pferde wird uns demnächst beschäftigen.Wir empfehlen auch noch einmal Teil 1 unserer Serie, in dem wir erklären, „Was ist eigentlich ein Vollblut-Rennpferd?“Unsere Wett-Tipps geben wir natürlich für den Renntag in Mülheim, bei dem noch einmal 12 Rennen auf der Karte stehen, darunter auch eines der lukrativen BBAG-Auktionsrennen. David Connolly-Smith, Christian Jungfleisch und Ronald Köhler setzen ihre Winterchallenge fort, bei der jeder drei Sieger voraussagen soll. Bisher gibt es einen einsamen Spitzenreiter, aber weil auch die Quoten mitzählen, kann sich die Reihenfolge schnell wieder ändern …Ein Podcast von Frauke Delius.
Kishore Mahbubani, former Singapore diplomat & Distinguished Fellow at National University of Singapore's Asia Research Institute explains why India must never stop talking to its adversaries like China, lessons India can draw from ASEAN countries and why the refusal to join RCEP was a mistake. Watch this interview with ThePrint's National and Strategic Affairs Editor Jyoti Malhotra @jomalhotra
The Agenda
Former WTO Indian ambassador Jayant Dasgupta talks about what a likely Biden victory means for India-US trade ties, American immigration policies, the climate deal and geopolitics in the Indo-Pacific region.
Luke Murrell of Australian Bloodstock has had many Melbourne Cup runners as an owner and syndicator, with the highlight being the 2014 winner Protectionist. Australian Bloodstock's two hopes in 2020 are Ashrun and Mustajeer. In order to identify and source Cup runners, Luke does an enormous amount of international form analysis - which ensures he's well placed to judge the race. He gives us his thoughts on each runner and his betting approach.
Severe import restrictions have drastically increased the price of staple food in Indonesia. As a result, a quarter of all children under five are malnourished. Rainer Heufers, the co-founder and executive director for the Center for Indonesian Policy Studies (CIPS), discusses the negative, unintended consequences that abed protectionist policies such as the quantitative import restrictions in Indonesia and how CIPS is working to change public opinion and make the Indonesian government more accountable for the food crisis. CIPS Affordable Food for the Poor program is being recognized for the 2020 Templeton Freedom Award. Register here for the Liberty Forum & Freedom Dinner 2020
The Unverifieds, in discussing their love of the movie Lost In Translation, speculate whether such a movie would survive allegations of cultural appropriation in this day and age. They also look at Asian American movies with similar themes, such as Shanghai Kiss and Always Tomorrow In Hong Kong, and whether Asian Americans—or any minorities—have a right to claim a monopoly on cultures, especially when they can screw it up even worse than outsiders can. Intro Song: "Chairman Mao" by BambuTWITTER:TWITTER:Chris: @JesuInToastEliza: @aesthdistance1Filip: @filipgwritingCONTACT US:unverifiedaccts@gmail.com
Director of Australian Bloodstock Luke Murrell talks the 2014 Melbourne Cup and Protectionist.
50 Common Causes of Family Business Conflict ... and how to deal with them
50 Common Causes of Family Business Conflict ... and how to deal with them Emotional Resilience and “broken wing” syndrome - Business. • Emotional Resilience = coping with stress and minimising anxiety. Epidemic. • Broken Wing Syndrome = parent(s) protecting weaker children. • Contributed to by genetics, home, school & social environments, birth order, parenting skills, domineering parent(s) and or aggressive siblings. • Protectionist parents exert undue and unwanted influence on business decisions, major favouritism and organisational dysfunction. • Solution: Institute a structured & objective performance management system in the business: formalise org charts, positions and functions, roles & responsibilities & KPIs.
How will the world's economies and alliances be transformed by the Coronavirus outbreak? How will this affect globalists and the America First movement? Listen as Host Brian O'Kelly predicts what happens next.
Brought to you by Virtual Not Distant Ltd. There’s more to remote work than improving life and work for those exploring its potential. Remote work can be a tool for social change - and today’s episode explores different ways that remote work can have broader impact, with a diverse range of stories and approaches. One quick update before we meet our expert interviewees: Pilar has a new podcast with the International Association of Facilitators - so if you’re interested in stories from the frontline of facilitation and learning and meetings, then do check that out and enjoy. Now, onwards with the social impact of remote: 04.13 Chris Slemp Chris Slemp is a Customer Success Manager for Modern Workplace, at Microsoft UK, and long-term friend of this show (joining us in episodes 123, 144 and 202) I asked Chris how remote work can help us build and be part of our community (wherever we want to build that, rather than necessarily at work)? He reminded us that commuting culture put responsibility on the workplace to provide ‘community’, and hubs like WeWork strive to provide everything the worker needs apart from sleep. But we have options now, and employers can dial it down a bit - Chris after all introduced us to the term ‘office optional’, and participating in office cultural activities (as opposed to work activities) should be optional too, freeing people to engage in their local communities as appropriate. Chris takes a fluid view of location-dependency and work, reminding us how flexible things can be, and that we all have a right to extend that optionality at other times. We can advocate for that flexibility for all workers, to take advantage of the technology now available to us. Chris also talked about the way remote work is affecting how and where people choose to live, and the social impact of this, a moving target for the future. Connect with Chris on LinkedIn (and tell him we said hi!). Remember that remote does not always mean flexible, and vice versa… check out episode 21 of My Pocket Psych for more on this point, while we meet: 17.06 Mandy Gardner Mandy is the managing editor of Working Mums and Working Wise (specialising in employment for over 50s), and joined us way back in episode 74. So she’s been working with the idea of flexible working for years, since Working Mums started in 2006 (now joined by Working Dads as well as Working Wise, to advocate for and promote best practice around working flexibly for all). They work with employers to help them improve their recruitment and hiring, and has seen many changes in the flexible working agenda over that time. Employers are more open to the concept now, as the evidence is in to support flexibility. But there are still misconceptions (eg flexible = part time) among bigger less nimble organisations. Career progression remains an issue, as does being explicit about remote in recruitment advertising. Mandy sees flexibility becoming increasingly normalised into the future, as life grows ever more complex for parents, carers and all of us. 34.01 Nacho Rodriguez Nacho is the founder of the Nomad City conference run from Gran Canaria - a region working hard to attract remote workers, initially as digital nomads and now increasingly as employees. We talked about the conference with Nacho in episode 210, and we’ll have an update soon from Nomad City 2019 (in progress as this episode drops!). Revitalising traditional tourist areas with remote opportunities brings new blood and fresh ideas, as well as creating opportunities for local people to get involved, and the conference has evolved over its 4 year history to embrace ideas ranging from economic development to onboarding remote colleagues to collaboration tech, as well as an invitation-only summit for experienced advocates and consultants. On the social impact front, the event includes a job fayre to connect local people with remote employers - opening up new opportunities for all. Lorraine Charles Remote means no borders - and Lorraine Charles is working with refugees in Jordan and Turkey to facilitate employment opportunities in the refugee population there. Protectionist labour market laws often restrict employment locally, so technology and the right training can enable broader opportunities for all the population. Location-independent livelihoods provides refugees with resilient futures, and helps stimulate the local economy, in countries which are themselves developing and struggling to deal with an influx of new residents. Remote work can do so much to change the narrative for employment and make everyone’s lives better - not just for refugees, but parents, disabled people, those who don’t want to migrate to a mega-city somewhere... But as well as hard and soft skills training, there are needs for better infrastructure, technology and support. Lorraine is actively seeking partners, to help them train refugees, and commit to hiring - can you help, or make a connection? Contact Lorraine via LinkedIn or email, and check out her research paper, or contact us and we’ll put you in touch. Impact investment is also needed, to create sustainable pathways to growth in emergent markets, while also leveraging the initiatives and expertise of those who have been courageous enough to uproot their lives and start over. 1.02.30 Laurel Farrel Laurel consults and advocates for remote working through Distribute Consulting, and joined us in episode 189 when we discussed loneliness and remote. She sees the real power and value of our lives in the ripple effects of social change, impacting on equality, the environment and economic development amongst so many other things. Reversing the cycle of traditionally having to bring businesses in to attract employees, remote work can do so much to support declining areas from the US midwest to rural Africa - this article of Lauren’s, Could remote work be economic development’s new secret weapon? may be two years old, but every point remains relevant somewhere! Local advocates are needed to build trust on the ground, and solve specific local challenges - every community is unique, and solutions must be tailored and bespoke. People need and want different things from where they choose to live, and once that is decoupled from a job place the possibilities can be overwhelming. Locations need to learn to promote themselves differently, to attract remote workers seeking particular lifestyles, rather than attracting businesses - and this is a win-win for all, as new residents pay tax and spend their income earned remotely. Initiatives encouraging people to relocate include financial incentives in places like Tulsa and Vermont, and ever more creative solutions are continuing to emerge. As remote work creates more diverse and rich populations, as people are able to choose where to live, completely separately from choosing the work they do. This is changing communities, as well as changing lives. Don't forget to keep in touch and let us know what you think, at Virtual Not Distant, or tweet us at @Virtualteamw0rk. Hope this episode inspired you as much our guests inspired us! Please do share your thoughts and ideas.
In this episode we are joined by Susan Bright (Competition Partner, London), Aline Doussin (International Trade Partner, London) and Lourdes Catrain (International Trade Partner, Brussels) to talk about the interpretation of a "national security" notion under World Trade Organisation rules. What does the term "trade war" mean as a point of international trade? Why have the rules governing when security interests prevail over trade interests – and when they do not – recently come into focus for members of the WTO? What's the single biggest risk resulting from deploying a national security justification in the field of trade? What does this mean for future trade relations between the US, the EU and the UK?
Welcome to Finance and Fury, The Furious Friday Edition In this ep, we continue looking at the lucky country look at a downward spiral in growth – low growth traps – and how it is created by what is meant to help growth? Low growth trap – The big problem comes from just looking at the numbers – and basing policy around models Major part of the modern economy – looking at the numbers – I do it as well Numbers can be inaccurate, or misinterpreted – sometimes the models being used for numbers don’t get the answers that were expected Such as the RBA and rates – lowering them to boost the economy Nothing new as to why the RBA wants to drop rates – major banks think it will go down to 0.75% - Looking to take action to help stimulate Australian economic growth, employment, wage growth, etc. The question really is if this will work as the equilibrium models suggest – based around neo-Keynesian We should be seeing a pick up in inflation (CPI) rates – which is the trick – focus on a percentage which is ever compounding under the current system – another episode At least – why aren’t we seeing GDP growth, improvement in productivity or wages and employment? Big puzzle which almost every first world nation is trying to solve at the moment – and economists First – look at Productivity – this measures the quantity of the economy’s (or just a particular business’s) output of goods and services relative to its inputs of raw materials, labour and capital equipment – this is theory Productivity improves when a given quantity of inputs to the production process is able to produce a greater quantity of goods and services than before. It’s most commonly measured by reference to just one of the inputs, labour. So, it’s output per unit of labour, usually per hour worked. Main way to make workers more productive is to give them more or better machines and structures to work with. That is, to invest in more physical capital. Increasing workers’ education and training – “human capital” – also makes them more productive: better able to work with more sophisticated machines, to think of ways to make machines do better tricks, and think of more efficient ways to organise the work that’s done in a mine, farm, factory, office or shop. The main way to make workers more productive is to give them more or better machines and structures to work with – this is what theory says anyway – having something to measure In the present information and communication technology revolution isn’t transforming the economy to the extent that earlier general-purpose technologies – such as electricity, the internal combustion engine, the automated production line, and even running water and indoor toilets – did Why doesn’t the modern-day economy show the same levels of productivity or growth as in the past? partial explanation - that much of the benefits coming from the digital revolution are going unrecognised by a system of national accounts (gross domestic product) designed to measure the industrial economy Also - low population replacement rates – birth rates not keeping up with the aging population If it keeps up - future of weaker growth in consumer spending = lower incentive for firms to invest The increased complexity of a system requires a greater input to receive the same result Example – some of the smartest people finding new ways to get around laws/taxes – not picked up in GDP growth but for the most part – due to Modern economy – focus on economies of scale for cost reduction – not massive R&D projects (synergy between companies – merge) – creates very large companies over time Apple – Jobs was an innovator – but just took existing technology and made it much better for us to use – First smartphone was by IBM more than 15 years before Apple released the iPhone Can see this in the share buybacks occurring – UBS and Macquarie predicted Australian companies to do more share buybacks in 2019 – if Labor won the federal election – Franking credits, higher taxes – Dividends not valuable Not only doesn’t investor get that money to spend/invest – it just inflates the share price of the company US businesses have been using their profits not to reinvest but to pay big dividends and to buy back their shares on the stock market, hoping to boost their price What gets us out of this – Innovation – continue to increase our ability to create and we will be fine – new ideas, more people creating things that work to provide value to others lives - This is where some policies have had dramatic effects on our lives – the policy decision is working from an equilibrium model that is long past it’s used by date I think for the worse- house prices as an example – thanks to the compounding positive inflation rate target – very short-sighted policy Theory: key to productivity improvement is investment – particularly investment by businesses But to spur business investment – you need economic growth and the expectation it will continue But it can’t include a thing like innovation into an equilibrium model – could in a complex equation What the models are picking up – Innovation is fine, but the main way some new technology is “diffused” throughout the economy is by firms replacing their old machines and structures with new ones that incorporate the latest advances. Business demand for new and better things spurs innovation – it isn’t just big companies that innovate – it is small startups that then get bought out by the big players – look at Alphabet, FB, etc. – why innovate if you can buy? Innovation cant be forced – often accidents, or trying for one thing and getting something else – But if you are aimed at one goal and don’t get the result you want, you start again and disregard the by-product of the failed attempt – The government doesn’t directly invent anything – they find independent scientists and contract them to fund their research – researchers dream – recruiting people to continue doing what they were doing, but for you Investment is also an essential part of the continuous process of change in the industry structure of the economy, where changes in consumers’ preferences and other developments cause some industries to contract while others expand and new industries emerge. If firms are reluctant to invest, you don’t get enough expansion to offset the contraction. But what is businesses’ main motive for investing? Their expectations of increased demand for whatever they’re selling – marketing, higher production What happens to business investment when a recession/depression occurs, or they think it might? The recovery has been particularly weak in the 2007/8 crash compared to the great depression though Some of our GDP growth is the product of fiscal stimulus from governments – either liquidity or spending packages Low unemployment conceals a marked fall in the proportion of the population (particularly less-skilled middle-aged men) participating in the labour force - given up looking for another one - skills “atrophied” – loss of human capital to the Aus economy Get it? Weak economic growth in the advanced economies is discouraging businesses from investing. Weak investment means weak productivity improvement and skills atrophy. But weak productivity means more weak growth. Business investment in physical capital, and growth in human capital are key drivers of the economy’s “potential” growth rate in future years. Neglect them and the economy loses its ability to grow – starts to decline and go backwards – Or remain in a low-growth trap What stops drive for innovation? No demand from companies for new and better products – Either no money to afford it – costs/taxes high or low revenues = low profits Limited access – barriers to entry through regulations Short term focus on maximising GDP and shareholder values - What compounds this - Protectionist policies – fight against creative destruction Example - The invention of electricity – a much bigger event in our human history than the internet – People were freaking out seeing Tesla use his body as a conductive material to power a light bulb It also created unrest in labour markets – the reason why we don’t see the leary’s dancing in the street going from gas lamp to gas lamp (like Mary Poppins) – they were made redundant Think about it – 100% of our jobs today are vastly different to the past – almost all don’t exist, but those that do are very different looking – unless your job is to dress up like a historical recreation Theory – if an economy is weak, you must help protect it through subsidies or benefits These elements together just add to stagnation of the economy Summary – low growth trap requires innovation – attracting the best and brightest Sadly – innovation is stagnated when so are the individuals who would otherwise be innovating – through the choice Why do you think Communist/socialists countries crumble in every case – hard to innovate on a new engine you are working on when you are moved to a collectivised farm and given one farm animal to plough fields with – but you have to eat it as you don’t know anything about farming – Next episode will dive deeper into the concept of an inflation trap – and policies to get out of it Thanks for listening, if you want to get in contact, you can do so here.
As President Donald Trump threatens new tariffs on Mexican goods, retaliatory ones between China and America are starting to bite. That puts China’s party leaders—and their hardening nationalist message—in a tricky spot. We examine how the global grounding of Boeing’s 737 MAX planes might change air-safety regulation. And a visit to Venice’s Biennale, where immigration and climate change are taking centre stage. See acast.com/privacy for privacy and opt-out information.
As President Donald Trump threatens new tariffs on Mexican goods, retaliatory ones between China and America are starting to bite. That puts China’s party leaders—and their hardening nationalist message—in a tricky spot. We examine how the global grounding of Boeing’s 737 MAX planes might change air-safety regulation. And a visit to Venice’s Biennale, where immigration and climate change are taking centre stage. See acast.com/privacy for privacy and opt-out information.
Donald Trump could win the 2020 Election through his trade policies and to make it worse, Donald Trump is going about trade in a way that will hurt the economy and Americans in the long run. Can Progressives bring protectionist trade policies back to the left before Donald Trump starts another term as president? ~~~ Thom reads from 'Why Women Have Better Sex Under Socialism' by Kristen Ghodsee. ~~~ Does property have a dictatorship on our lives? What about the country and even the world? Author Ben G. Price exposes the dangerous control that wealth has on our world and offers solutions we can use to take to take back that control. ~~~ Thom reads from 'How Wealth Rules the World - Saving our Communities from the Dictatorship of Property' by Ben G. Price. ~~~ Thom discusses Ben G. Price's ideas with insightful callers.
On today's Global Exchange Podcast, we are rebroadcasting a conversation from our February 2019 trade conference at the Westin Hotel in Ottawa. Join Colin in conversation with John Manley, Susannah Pierce, and Perrin Beatty, as they discuss the rise of protectionism and populism, and debate what Canada can do to counteract these forces. The Global Exchange is part of the CGAI Podcast Network. Subscribe to the CGAI Podcast Network on SoundCloud, iTunes, or wherever else you can find Podcasts! Bios: - Colin Robertson (host/moderator): A former Canadian diplomat, Colin Robertson is Vice President of the Canadian Global Affairs Institute. - The Hon. Perrin Beatty: President of the Canadian Chamber of Commerce. - Susannah Pierce: External Affairs Director at LNG Canada and a member of the CGAI Board of Directors. - The Hon. John Manley: Chair of the CGAI Advisory Council. Related Links: - "Canada's State of Trade: At Home and Beyond" (https://www.cgai.ca/canadas_state_of_trade_at_home_and_beyond_2019) [CGAI Event] Book Recommendations: - Colin Robertson: "Churchill: Walking With Destiny" by Andrew Roberts (https://www.amazon.ca/Churchill-Walking-Destiny-Andrew-Roberts/dp/0241205638/ref=sr_1_1?crid=3D4Y9SHB7I26K&keywords=churchill+andrew+roberts&qid=1555012980&s=gateway&sprefix=Churchill+Andrew%2Caps%2C157&sr=8-1) - The Hon. Perrin Beatty: "Fear: Trump in the White House" by Bob Woodward (https://www.amazon.ca/Fear-Trump-White-Bob-Woodward/dp/1508240094/ref=sr_1_1?crid=DH7Q7EHQAIHW&keywords=fear+bob+woodward&qid=1555012678&s=gateway&sprefix=Fear+Bo%2Caps%2C162&sr=8-1) - Susannah Pierce: "Tip of the Spear: Our Species and Technology at a Crossroads" by Jim A Gibson (https://www.amazon.ca/Tip-Spear-Species-Technology-Crossroads/dp/177512892X/ref=sr_1_1?crid=2EFNRR82KXTG3&keywords=tip+of+the+spear&qid=1555012718&s=gateway&sprefix=Tip+of+the+%2Caps%2C166&sr=8-1) - The Hon. John Manley: "Behave: The Biology of Humans at Our Best and Worst" by Robert M. Sapolsky (https://www.amazon.ca/Behave-Biology-Humans-Best-Worst/dp/1594205078/ref=sr_1_1?keywords=Behave&qid=1555012816&s=gateway&sr=8-1) Recording Date: February 19th, 2018 Follow the Canadian Global Affairs Institute on Facebook, Twitter (@CAGlobalAffairs), or on Linkedin. Head over to our website at www.cgai.ca for more commentary. Produced by Jared Maltais. Music credits to Drew Phillips.
Luke Murrell is a name familiar to most in racing. As a founder and director of Australian Bloodstock, he's achieved great success buying and racing horses, winning many Group 1 races including the 2014 Melbourne Cup with Protectionist. Luke is one of Australia's foremost form analysts, and also a very successful punter with many years of profits to his name. Now he's joining Winning Edge Investments to provide his successful betting strategies to members. He joins us to discuss this, as well as his background in racing and punting.
Day of Reckoning by Pat Buchanan can be considered a paleoconservative manifesto. The three most prominent themes of this book are restrictionist immigration, protectionist trade, and isolationist foreign policy. In this 2007 masterpiece, Buchanan lays the groundwork for an America First policy that would later be embraced by Donald Trump.Buy Day of Reckoning at:https://www.amazon.com/Day-Reckoning-Ideology-Tearing-America/dp/0312376960I am on social media at:facebook.com/neofusionisttwitter.com/neofusionistsupport the show at:patreon.com/neofusionist
The Philippine business media talks a lot about foreign direct investment (FDI for short), so let's take a look into it and see why it's so important. PS At the end I meant to say "tengaís" not "teneís" - necesito soler hablar más español... Sources/Links: What is FDI? https://www.thebalance.com/foreign-direct-investment-fdi-pros-cons-and-importance-3306283 A look some of the effects of FDI https://www.ejist.ro/files/pdf/369.pdf FDI and S. Korea https://core.ac.uk/download/pdf/6403544.pdf DTI wants to remove foreign ownership caps http://www.bworldonline.com/dti-urges-removal-of-foreign-ownership-caps-focus-on-job-creation/ NEDA recommends opening the Phil economy to foreign investment http://www.neda.gov.ph/2015/01/08/attracted-investments-philippines-open/ Protectionist clauses in 1987 Phil Constitution https://www.philstar.com/business/2013/06/03/949375/protectionist-clauses-philippine-constitution-restrict-flow-foreign-direct-investment PH still lagging peers in FDI https://business.inquirer.net/261866/ph-still-lagging-behind-peers-in-attracting-foreign-investments Gov't allows 100% foreign ownership in 5 areas https://www.rappler.com/business/215642-40-percent-foreign-ownership-public-works-foreign-investment-negative-list Don't credit China for Phil FDI https://www.rappler.com/newsbreak/iq/217047-charts-philippines-china-economic-ties-relationship READ THIS ONE: Why is the Philippines the Home for Chinese Offshore Gambling? https://thediplomat.com/2018/11/why-is-the-philippines-the-home-for-chinese-offshore-gambling/ Phil education system aimed at exporting workers https://www.channelnewsasia.com/news/commentary/philippines-pitfalls-of-an-education-aimed-at-exporting-people-10596292
Are the United States and China headed toward a trade war? Do the Trump administration’s actions help or hurt the economy and national security of the United States? Our panel of experts weighs in. Participants included Hal Brands, Frank Lavin and Noel Murray. Filmed at the Richard Nixon Presidential Library and Museum on September 17, 2018.
Racehorse syndication reached a new horizon in 2014 when German galloper Protectionist brilliantly won the Melbourne Cup. Australian Bloodstock sourced the horse,handled all negotiations and syndicated a large number of shares to Australian owners. The same company hopes to have multiple representation in this years Cup. Luke Murrell and Jamie Lovett are the driving force behind Australian Bloodstock, and Co Director Luke Murrell joins us on the podcast.
Torsten Slok, Deutsche Bank Chief International Economist, asks what the Chinese retaliation may look like against U.S. tariffs. Vince Reinhart, Standish Chief Economist and Investment Strategist, thinks the Fed may have a problem knowing when to stop hiking rates. Edward Alden, Council on Foreign Relations Bernard L. Schwartz Senior Fellow, says the U.S. is on the verge of a trade war with all of its trading partners. And Suzanne Tager, Bain & Company's Retail and Consumer Products Practices Senior Director, says retail stores are not dead but their role has changed. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Torsten Slok, Deutsche Bank Chief International Economist, asks what the Chinese retaliation may look like against U.S. tariffs. Vince Reinhart, Standish Chief Economist and Investment Strategist, thinks the Fed may have a problem knowing when to stop hiking rates. Edward Alden, Council on Foreign Relations Bernard L. Schwartz Senior Fellow, says the U.S. is on the verge of a trade war with all of its trading partners. And Suzanne Tager, Bain & Company's Retail and Consumer Products Practices Senior Director, says retail stores are not dead but their role has changed.
The Consumer Choice Centre is challenging the federal Conservative leader's position on supply management in the dairy industry. North American Affairs Manager David Clement joins Rob to share why his organization is taking Andrew Scheer to task. http://consumerchoicecenter.org
The Consumer Choice Centre is challenging the federal Conservative leader's position on supply management in the dairy industry. North American Affairs Manager David Clement joins Rob to share why his organization is taking Andrew Scheer to task.
Chuck Harder Talk Radio Pioneer and Legendary Host of For The People has died at Age 74, April 10, 2018. Tribute by Tom Donahue. Upon learning of Chuck Harder’s passing with little fanfare within the radio industry, I decided to do something about it. Chuck was born in Elgin, Illinois and began his radio career as a DJ in the 60’s in Chicago. Chuck Harder had an illustrious radio broadcast career that’s spanned decades. Harder had been a prominent radio DJ, talk show host, creator and founder of radio stations, talk radio networks, satellite systems, cable TV and newspaper projects. Chuck worked as a talk host in New York City (WMCA), Tampa (WFLA) radio and other markets, eventually leading to national syndication in 1987. Harder was on the forefront of broadcast evolution, forging new paths. He started the Sun Radio Network and the For The People radio program and organization, based in Tampa, Florida. Following a fallout with his new network business partners, he went on to form a new radio network The Peoples Radio Network, relocating to the Telford Hotel in White Springs, Florida. Harder’s For The People radio show was heard on more than 300 radio stations at its peak and shortwave radio. Chuck was beloved by a large loyal following and his show was hugely popular and made a profound difference in their lives. Chuck Harder’s program, with the exception of Rush Limbaugh’s show, was the most listened to syndicated show in prime daytime. Harder’s show and network supplied and sustained so many small market independently owned stations. Chuck’s show was also carried by some big time stations in major markets. Later his show and network struggled to survive with the onslaught of mega-media corporate consolidation. He had a golden radio voice and was a complete natural on-air broadcaster. If any radio talent and consummate broadcaster deserves a place in the Radio Hall of Fame, it is Chuck Harder! Harder was not a political partisan, rather an independent populist, a protectionist, pro-America nationalist, who leaned left, yet, his politics were of, for and by the people. Chuck was a consumer advocate who looked out for the little guy and the average American. He gave voice to the voiceless, offered common sense for the common man. He cared about our country and its people. Harder had his tax exempt 501(C)3 status scrutinized and investigated by the IRS and Justice department for primarily political purposes. He endured an 18 year harassing and intrusive audit. Chuck was a harsh critic of both the Bush and Clinton regimes and more favorably supportive of Ross Perot, Reform Party and other lesser known political parties and persons. Chuck Harder was a fair-trade protectionist who waged the trade resistance war vs NAFTA/GATT globalist agendas. Chuck fought for the average American Worker and for bringing back better paying manufacturing jobs. Build and Buy American! He opposed outsourcing and exporting of jobs, plant closings and foreign relocations, competing unfairly with cheap foreign labor and the influx of illegals and the lack of secure borders. He investigated and challenged the power elite structure and status quo in big business, big media, and big government. Chuck covered: consumer affairs, current events, trade and tax policies, fair vs free trade, political news, mega-monopolies, corruption, conspiracies and cover-ups, nationalism vs globalism, interventionist wars and foreign entanglements, alternative media and free press, NASA and UFO’s and much more. His show had a eclectic mix of commentary, callers, news, and guests. His signature brand show, theme music and bumpers, his newspaper, unique product offerings and his historic broadcast setting made for a most memorable experience. For The People and Peoples Radio Network represented an alternative media vs the mainstream monopoly media. Without a Chuck Harder or Pat Buchanan paving the way; along with Ross Perot and later Michael Savage there is No Trump campaign or presidency! Chuck deserves credit for his many contributions to informing and awakening America. Strangely, Chuck Harder and Art Bell died within a few days of each other in April, 2018. Both were arguably the biggest and most impactful talk radio stars of their genres in the 1990’s and with the exception of Rush Limbaugh, ruled the talk radio landscape! They were both fiercely independent and alternative in their unique approaches. Chuck Harder’s likely regrets might be his failings and mishandling of some of his business dealings with partners that cost him his various operations. Kayla, Liberty Lobby (Sun Radio Network), United Auto Workers (Peoples Radio Network, United Broadcast Network). Not prepared to battle the corporate consolidation and hostile takeover of broadcast media. Despite, these setbacks, Chuck remained on-the-air with his message and mission “For The People”. He later would broadcast his show via Talk America Radio Network, then started TalkStar Radio Network and online streaming and satellite. More recent For The People radio show podcast with co-host Keith Alan, who now continues on in the tradition of Chuck Harder. Harder was beset for years with health ailments that included weight struggles, leg and heart problems and finally a severe stomach disorder. Chuck died of health related complications. He had been confined to a nursing home in Gainesville, Florida. He faced extreme health and financial challenges lifelong and persevered. Chuck was bigger than life literally and figuratively. Full disclosure: I was the talk host who replaced Chuck Harder’s show on The Sun Radio Network back in April, 1991. We competed in the afternoons for many months before my joining Chuck’s Peoples Radio Network, in White Springs, Florida for nearly two years. Due to the controversial nature of both of our talk shows we had deep state government surveillance and interference that caused Harder concerns and his severing the ties with my show airing on his network. I was deeply disappointed and had to regroup and concentrate on seeking a new syndicating network to serve my affiliate stations and loyal listener base. Fortunately, I rebounded with BRN and later with Talk America Radio Network. If it hadn’t been for Chuck’s departure from Sun Radio Network I may not have ever experienced holding down a nationally syndicated talk show on this high level. Then to later join Chuck at his new network. In fact, for a few months I resided at the remote, historic Telford Hotel and broadcast center, before moving to Jacksonville. I feel a great debt of gratitude for the influence that Chuck Harder had on me and my career. The interesting intersection of our lives and careers was uncanny. He was one of the all-time greats! A legendary broadcast talent and media force who made his mark. It is my hope that Chuck Harder garners the radio broadcast respect and recognition long earned and well deserved and sometime soon is honored for his meaningful work in the Radio Hall of Fame. By Tom Donahue host of America’s Town Forum in the 1990’s.
Ray Keating explains that economics is only dismal when not practiced correctly, such as when political preferences are dressed up as economics. Keating proclaims that economics actually is quite exciting.
On today's 'Global Exchange' Podcast, we begin a new series on the state of Canadian trade in a world of growing populism and protectionism. Today's episode, recorded during our February 13th State of Trade conference in Ottawa, features a panel of trade experts -- The Hon. John Manley, The Hon. Bob Rae, The Hon. Ed Fast, and the Peterson Institute's Jeff Schott -- on how Canada can navigate the rough seas ahead on international trade. Bios: Colin Robertson (moderator & host) - A former Canadian diplomat, Colin Robertson is Vice President of the Canadian Global Affairs Institute. The Hon. Ed Fast - former Minister of International Trade. Shadow Minister for Environment and Climate Change. The Hon. John Manley - John Manley is president and CEO of the Business Council of Canada. He is a former federal cabinet minister who held the portfolios of Foreign Affairs, Industry and Finance. The Hon. Bob Rae - former Premier of Ontario, and former interim Leader of the Liberal Party of Canada. Jeff Schott - Senior Fellow at the Peterson Institute for International Economics, working on international trade policy and economic sanctions. Related Links: - "Canada's State of Trade: At Home and Beyond" [CGAI Conference Information] (http://www.cgai.ca/canada_s_state_of_trade_at_home_and_beyond) - "CGAI Panel – Positioning Canada Against Protectionist Forces at Home and Abroad" [CPAC] (http://www.cpac.ca/en/programs/public-record/episodes/59597309) - "2018 International Trade Series Papers" [CGAI Paper Series] (http://www.cgai.ca/international_trade_series) - "Managing Trump: The Canadian Response" by Colin Robertson [CGAI Policy Update] (http://www.cgai.ca/managing_trump_the_canadian_response) Recording Date: February 13th, 2018 Follow the Canadian Global Affairs Institute on Facebook, Twitter (@CAGlobalAffairs), or on Linkedin. Head over to our website at cgai.ca for more commentary. Produced by Jared Maltais. Music credits to Drew Phillips.
As Trump announces new tariffs, could this shift toward protectionism spark a wave of inward-looking trade policy around the world? Or could we see precisely the opposite happen? Peter and Muni talk to Andrés Velasco, Chile’s former finance minister, to get a sense of the danger, and to discuss strategies for making free trade politically popular.
U.S. Commerce Secretary Wilbur Ross says that NAFTA is killing jobs and that the U.S. is the least protectionist major economy in the world. Prior to that, Ellen Zentner, Morgan Stanley's chief U.S. economist, says it's impossible to sustain three percent GDP growth with U.S. productivity the way it is. Finally, David Rubenstein, co-CEO of the Carlyle Group, says CBS CEO Les Moonves has an ability to pick shows that work. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
U.S. Commerce Secretary Wilbur Ross says that NAFTA is killing jobs and that the U.S. is the least protectionist major economy in the world. Prior to that, Ellen Zentner, Morgan Stanley's chief U.S. economist, says it's impossible to sustain three percent GDP growth with U.S. productivity the way it is. Finally, David Rubenstein, co-CEO of the Carlyle Group, says CBS CEO Les Moonves has an ability to pick shows that work.
The successes of protectionism are grossly exaggerated. Scott Lincicome discusses his new paper, "Doomed to Repeat It: The Long History of America’s Protectionist Failures." See acast.com/privacy for privacy and opt-out information.
Australian Bloodstock's Luke Murrell has led in a Melbourne Cup winner (Protectionist in 2014) and has the early favourite this year in Red Cardinal. He's on the podcast to chat about the main chances for the 2017 Caulfield and Melbourne Cups.
MacIver President Brett Healy joins Vicki McKenna on WISN to talk about an anonymous proposal slithering its way through the Legislature that would create a new bureaucracy and strangle the growing craft brewery, winery, and distillery business in Wisconsin. More Vicki here: http://newstalk1130.iheart.com/onair/vicki-mckenna-29300/
In an interview with Tip TV, Paul Renken, Senior Geologist and Mining analyst at VSA Capital says, “Protectionist environment is good for commodities”. So now we know, all is not lost if there is a way of protectionist policies across the globe. Renken also paints a rosy picture for commodities/miners in 2017. The only risk he sees is a potential instability in the ‘frothy’ US markets. Renken believes the turnaround in BHP Billiton’s fortunes is a product of higher commodity prices and company’s cost cutting efforts. Listen to the full segment to know if Glencore will mimic the stellar numbers produced by BHP Billiton and Anglo American. #mining, #BHPBilliton, #AngloAmerican, #Trump, #fiscal #spending, #commodities, #mining, #protectionism, #trading, #markets, #investing, #Glencore, #UK, #stocks, #equities, #macro, #fundamentals
With Wilbur Ross at Commerce, Peter Navarro at the new National Trade Council, and Robert Lighthizer as U.S. Trade Representative, Donald Trump has assembled a team aimed at protecting U.S. industry from competition. Dan Ikenson and Dan Mitchell comment. See acast.com/privacy for privacy and opt-out information.
Podcast Overview: S&P, Dow, Nasdaq, Russell all at record highs last week BofA Merrill Lynch survey of global fund managers: Expect global real economy to strengthen over next 12 months: In october 19% agreed with this, after election 35% do Global inflation expectations vaulted to the highest level since 2004 Is all this optimism as sign the bull market will continue or that we’ve reached peak? Are current stock market gains stealing from 2017? Goldman Sachs strategist expects Trump tax reforms to lead to the repatriation of $200B Could be used to pay down raising company debt levels Nonfinancial companies are sitting on $1.6T in cash (12% of assets as opposed to avg of 7%) Goldman expects companies to spend $2.6T of cash in 2017 52% on capital exp, R&D, and mergers 48% on buybacks and dividends Small cap stocks that could benefit from infrastructure spending are stealing attention from multinationals that could be hit by strong dollar Market is behaving like Trump will fulfill promises they like and break the ones they don’t like AAII survey showed bullishness jump from 23.7% to 50% in just three weeks Demand for put relative to calls on SPY shrank to July 2016 levels Too early for bulls or bears to draw conclusions The S&P traded at 28 times earnings in 1999 but “only” 17 times today Stock market cap is 200% of GDP (very high) and interest rates are at record lows and rising fast Can things get more favorable? Concerns over what Trump will do with trade partnerships continues “Protectionist” policies could harm US economy Retaliation from trade partners could be a problem Find more at Investor in the Family.
The benefits of trade may be all around us, but that doesn't mean we're naturally supportive of it. Dan Pearson explains. See acast.com/privacy for privacy and opt-out information.
The price of milk in Canada is disproportionately higher than it is in the US or even France, thanks to a government policy known as Supply Management implemented in the 1970s to protect dairy farmers from market instability. What does this policy mean in practice and how does it affect Canada's involvement in global trade? FT Alphaville's Cardiff Garcia and Matt Klein discuss with guest George Pearkes, Canadian expat and macroeconomic strategist at Bespoke Investment Group. Visit FT.com/Alphachat for show notes and links. See acast.com/privacy for privacy and opt-out information.
Show NotesIn which we talk about science journalism—the ways in which it is sometimes broken, the reasons why it ends up broken in those cases, and the responsibilities of scientists, scientific journalists, and the science-reading public in publishing and interpreting scientific findings. Science is hard. Reporting on it is hard. Making policy on it is hard. And we need all of them. Chapters Intro (1:27) SCIENCE Drives Policy! (1:27–8:02) Elitist, Protectionist, Obstructionist, Obscurantist? (8:02–17:14) Pressures and Responsibilities All Around (17:14–24:10) Conclusion (24:10–25:12) Funny Things We Cut (25:12–25:22) Music “Where I Go”, by Pistol Shrimp. Used by permission. “Winning Slowly Theme” by Chris Krycho. Who still gets it stuck in his head every time he edits the show. Links Things we referenced on the show. ’Climate Science is Not Settled, by Steven E. Koonin, in the Wall Street Journal—not a global warming denier, it should be noted. ‘No Evidence for or Against Gravitational Waves’ Previous episodes: 1.08 How Victor Hugo Could Afford to Live 1.15 Timelessishness Follow/Subscribe iTunes App.net Ello Twitter Facebook
Ben Fordham discusses the emergence of the United States as a world power during the years prior to World War I. Speaker Biography: Benjamin Fordham is professor of Political Science at Binghamton University. His research interests concern the influence of domestic political and economic interests on foreign policy choices, especially on security issues such as military spending and the international use of force. He has published articles on the role of domestic economic performance in decisions to use military force abroad, the effect of party differences on policy choices about the use of force and the allocation of the military budget in the United States, and on the influence of economic interests on congressional voting on foreign economic and security policy matters. For captions, transcript, and more information visit http://www.loc.gov/today/cyberlc/feature_wdesc.php?rec=5185.
New Hampshire Primary.. Robber Baron Royal Romney likes to fire folks! King of Bain Rules The Radio Empire of Clear Channel.. Santa-Vest Santorum. Gingrich and Perry take on Romney's Ruinous Reign at Bain and pink slipping so many. Ron Paul rolls on...
TD radio review. More on OWS. GOP 2012 Trending. Vatican calls for establishment of Global Public Authority and World Central Bank! Top 1% grow wealthier 285% income increase. Super Rich get much Richer! Wealth Inequality Widens.
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